Asia Pacific is expected to outpace the world economy once again in 2011. Domestic demand will remain strong, with sustained improvements in hiring and incomes. China and India will be the region's star performers. Hong Kong and Singapore will remain the tightest office markets, while pockets of temporary weakness may appear in Shanghai and Mumbai due to the influx of new supply. Better office fundamentals will continue to spur investment activity particularly in the region's financial centers – Hong Kong, Singapore, Shanghai, Tokyo and Sydney.
The global recession had disparate and unexpected impacts across the Americas. Many cities were severely impacted, especially those with high concentrations of jobs in the manufacturing and housing sectors. Still, there were lots of positive surprises.
Listen to Ken McCarthy, Managing Director, US Research Services discuss the report.
The global recession had disparate and unexpected impacts across the Americas. Many cities were severely impacted, especially those with high concentrations of jobs in the manufacturing and housing sectors. Still, there were lots of positive surprises.
As recovery rapidly takes hold in Asia Pacific, Indonesia, Vietnam and Philippines are emerging as economic champions among businesses seeking new or secondary locations in the region.
We are now seeing signs of increasing activity from both occupiers and investors in the European property market, with growth rates varying significantly among countries
Download the latest podcast from David Hutchings, Head of the European Research Group.
We are now seeing signs of increasing activity from both occupiers and investors in the European property market, with growth rates varying significantly among countries.
Many in our industry will be glad to see the back of 2009. The first half of the year was painful for most markets, but not as deadly as some had feared. Latest results from STR Global for H2 2009 would indicate that many markets are showing signs of recovery.
The US economic recovery has begun. Cushman & Wakefield expects the recovery to be robust with substantial job growth in 2010.
While it will be several years before the US economy regains all the jobs lost in the 2008-09, C&W is optimistic that the expansion will be healthy and sustainable.
By Ken McCarthy, Managing Director, US Research Services